I've never been a trading expert, but this looks bullish on Bitcoin
Look at the MACD there at the bottom
We have a MACD crossing over from an oversold position, below the zero bound.
This is textbook bullish indicator and means bitcoin is very likely starting its next leg up.
(Source: https://twitter.com/PrestonPysh/status/1280895290099355651)
The last time we saw this trigger like this was in late March when bitcoin rallied about $4k over the next month and a half.
I suspect a similar move is going to play out here, taking us at least to $12k.
Maybe to about $14k.
What do you think?
That crossover will have to hold for the next couple of days then you can surmise Bitcoin going higher. $12K should be the first hurdle to aim for. If it gets there, $14K should be in its sights.
Yep, my thoughts as well.
Well BTC couldn't stay above the 50-Day MA. Could it be we were getting sucked in again so that the whales can create more activity?
It has been a laggard compared with tradition markets. That may mean it is ready to dip.
Well, turns out you read the chart for BTC correctly. It has broken through 10K and 11K. Lets see how far it goes.
Every now and then I get em right.